The Billionaire Firms to Watch After Midea's Hong Kong Debut [Yahoo! Finance Canada]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance Canada
(Bloomberg) -- Hong Kong's biggest share sale in more than three years is fueling hopes China's dormant billionaire deal pipeline may come back to life. Most Read from Bloomberg Shares of home appliance-maker Midea Group Co., which is also listed in Shenzhen, rose 17% after just two sessions in Hong Kong, following a $4 billion offering that was the largest in the city since early 2021. Its founder and largest shareholder He Xiangjian, 82, is China's sixth-richest person, with a fortune estimated at $30.5 billion, according to the Bloomberg Billionaires Index. While it's far from certain the deal will revive the city's long-suffering market for initial public offerings, which cratered over the past years on the back of China's economic slowdown, the successful l
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BABA
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- 11/15/24 - Beat
BABA
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